Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,273 shares of the company’s stock after purchasing an additional 123 shares during the period. Cabot Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Envestnet Asset Management Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after acquiring an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after purchasing an additional 80,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after purchasing an additional 83,702 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3 %

Shares of QQQM stock traded down $2.73 on Tuesday, reaching $202.02. 1,809,379 shares of the stock were exchanged, compared to its average volume of 1,841,793. The business’s 50 day moving average price is $195.00 and its 200 day moving average price is $190.86. The company has a market capitalization of $34.19 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.